Thales stock: BofA raises target for Thales stock to EUR 315.00

Published on 10/20/2026 at 16:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thales schedules third-quarter sales for October 21, 2026. Thales stock costs EUR 231.35 on October 20, 2026, down 0.28 percent versus EUR 232.00.

Target and reporting date

Bank of America raised its Thales target from EUR 312.00 to EUR 315.00 on October 13, 2026.
First-half 2026 revenue reached EUR 10.9 billion, up 6.70 percent year over year.
Thales stock costs EUR 231.35 at Lang & Schwarz on October 20, 2026 at 4:34 p.m. CEST, 0.28 percent below the Euronext Paris close of October 19, 2026.
Thales is scheduled to release third-quarter sales on October 21, 2026.

Schwarzweiß-Reportage: Ingenieure montieren ein Satellitenkommunikationssystem im Labor — Schwarzweiße Reportage-Aufnahme dokumentiert Ingenieure bei Thales S.A. FR0000121329 während der Montage komplexer Satellitenkommunikationssysteme, Illustration mit AI erstellt.

Thales (FR0000121329) faces a revised Bank of America valuation view ahead of its next sales update. On October 13, 2026, Boursorama reported that Bank of America raised its Thales target from EUR 312.00 to EUR 315.00 while maintaining its buy recommendation. The new target is 36.15 percent above the Lang & Schwarz price.

Thales was trading at EUR 231.35 at Lang & Schwarz on October 20, 2026 at 4:34 p.m. CEST, down 0.28 percent from the EUR 232.00 close on Euronext Paris.

First-half revenue reached EUR 10.9 billion

The latest reported period delivered solid sales growth but weaker earnings. For the first half of 2026, revenue rose 6.70 percent year over year to EUR 10.9 billion, while net income fell 27.00 percent to EUR 485.0 million, according to Simply Wall St. Diluted earnings per share declined to EUR 2.35 from EUR 3.23 in the first half of 2025.

The contrast matters for the valuation discussion. Sales growth supports the defense and aerospace narrative, but the earnings decline leaves execution in digital security and other businesses as an important factor in the next update.

Stock position below the yearly high

Thales traded 15.63 percent below its 52-week high of EUR 274.20 and 9.18 percent above its 52-week low of EUR 211.90 on October 20, 2026. Its market capitalization stood at EUR 47.6 billion, while the trailing price-to-earnings ratio was 31.78.

The share price therefore sits well below its yearly peak even though the Bank of America target remains higher. The current valuation also leaves the October sales release as the next concrete test for the growth assumptions behind the analyst view.

October 21 brings the next update

Thales is scheduled to publish third-quarter sales on October 21, 2026, according to MarketScreener. The same calendar lists 18 analysts in the consensus and an average target of EUR 293.61, although the current article centers on the more recent Bank of America revision.

For investors, the key comparison is between the 6.70 percent first-half sales increase and the 27.00 percent net-income decline. That gap makes the next revenue release relevant mainly for evidence of demand and for clues about profitability.

Price and reporting date

Thales combines a EUR 315.00 Bank of America target with a EUR 231.35 Lang & Schwarz price on October 20, 2026 at 4:34 p.m. CEST. The stock was 0.28 percent below the EUR 232.00 Euronext Paris close dated October 19, 2026, while the next scheduled sales release falls on October 21, 2026. The further course of trading is shown by the continuously updated real-time quote of Thales stock.